Novatek opens Russian small-scale LNG plant

Russian independent LNG producer Novatek launched on Wednesday the first small-scale LNG plant in the Chelyabinsk region.

The plant located in Magnitogorsk in the southern Urals has a capacity of 40 thousand tons per year.

Additionally, Novatek-Chelyabinsk will operate the facility while Russian cryogenic tech firm JSC NPO Geliymash supplied the equipment.

Novatek’s unit will primarily sell LNG produced at the facility as fuel for vehicles, a growing business for the producer.

This includes for passenger cargo transport and mining equipment in Chelyabinsk and the neighboring areas.

Russian billionaire businessman and Novatek’s CEO Leonid Mikhelson said the firm strongly supports the use of LNG as a motor fuel.

Furthermore, he said that this represents a promising market segment Novatek is actively developing both in Russia and abroad.

- Advertisements -

Most Popular

LNG freight rates surge

Spot charter rates for the global liquefied natural gas carrier fleet have doubled over the last two weeks, according...

Energy Infrastructure Partners buys stake in Fluxys

Switzerland-based investor Energy Infrastructure Partners (EIP) has signed a deal to buy a stake in Belgian LNG terminal operator...

Germany’s HEH says work to start on Stade LNG jetty

Germany’s Hanseatic Energy Hub, the developer of the Stade onshore LNG import terminal near Hamburg, expects construction work to...

More News Like This

Novatek becomes sole owner of Russian gas field after TotalEnergies deal

Russian LNG producer Novatek will become the sole owner of the Termokarstovoye gas and condensates field in Russia following...

Saipem in talks to exit Novatek’s Arctic LNG 2 project

Italian contractor Saipem confirmed it is in talks to pull out of two EPC contracts related to Novatek’s Arctic...

Novatek launches methane leak monitoring project

Russian LNG producer Novatek has launched a project for methane leak monitoring as part of the company's plans to...

Novatek says will not release Q2 results

Russian LNG exporter Novatek said on Wednesday it would not publish its second-quarter financial results. Novatek said in a statement...